How are general partnership loans treated (loans to cover temporary cash flow needs of the property)?
General Partnership loans are allowed, but should be paid only if there is surplus cash at the end of the year. GP loans are not to be included in the calculation to surplus cash. A project should make sure that all the operating expenses are appropriately covered first before payback of the GP loan.
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- How are general partnership loans treated (loans to cover temporary cash flow needs of the property)?
